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Getin Noble Bank

WSE:GNB
Snowflake Description

Adequate balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GNB
WSE
PLN600M
Market Cap
  1. Home
  2. PL
  3. Banks
Company description

Getin Noble Bank S.A. provides various banking products and services to individual clients, small and medium-sized enterprises, local government units, and corporations in Poland. The last earnings update was 24 days ago. More info.


Add to Portfolio Compare Print
  • Getin Noble Bank has significant price volatility in the past 3 months.
GNB Share Price and Events
7 Day Returns
13.7%
WSE:GNB
0.3%
PL Banks
0.3%
PL Market
1 Year Returns
-43.2%
WSE:GNB
3.6%
PL Banks
0.8%
PL Market
GNB Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Getin Noble Bank (GNB) 13.7% 16.7% -15.6% -43.2% -56.5% -93.7%
PL Banks 0.3% 6.4% 0.7% 3.6% 28% -12.8%
PL Market 0.3% 4% -2.9% 0.8% 16.4% -6%
1 Year Return vs Industry and Market
  • GNB underperformed the Banks industry which returned 3.6% over the past year.
  • GNB underperformed the Market in Poland which returned 0.8% over the past year.
Price Volatility
GNB
Industry
5yr Volatility vs Market

Value

 Is Getin Noble Bank undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Getin Noble Bank. This is due to cash flow or dividend data being unavailable. The share price is PLN0.574.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Getin Noble Bank's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Getin Noble Bank's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
WSE:GNB PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in PLN PLN-0.57
WSE:GNB Share Price ** WSE (2019-06-21) in PLN PLN0.57
Poland Banks Industry PE Ratio Median Figure of 10 Publicly-Listed Banks Companies 14.56x
Poland Market PE Ratio Median Figure of 454 Publicly-Listed Companies 10.8x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Getin Noble Bank.

WSE:GNB PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= WSE:GNB Share Price ÷ EPS (both in PLN)

= 0.57 ÷ -0.57

-1.01x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Getin Noble Bank is loss making, we can't compare its value to the PL Banks industry average.
  • Getin Noble Bank is loss making, we can't compare the value of its earnings to the Poland market.
Price based on expected Growth
Does Getin Noble Bank's expected growth come at a high price?
Raw Data
WSE:GNB PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1.01x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
Not available
Poland Banks Industry PEG Ratio Median Figure of 9 Publicly-Listed Banks Companies 1.36x
Poland Market PEG Ratio Median Figure of 108 Publicly-Listed Companies 1.09x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Getin Noble Bank, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Getin Noble Bank's assets?
Raw Data
WSE:GNB PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in PLN PLN2.80
WSE:GNB Share Price * WSE (2019-06-21) in PLN PLN0.57
Poland Banks Industry PB Ratio Median Figure of 13 Publicly-Listed Banks Companies 0.98x
Poland Market PB Ratio Median Figure of 687 Publicly-Listed Companies 0.98x
WSE:GNB PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= WSE:GNB Share Price ÷ Book Value per Share (both in PLN)

= 0.57 ÷ 2.80

0.2x

* Primary Listing of Getin Noble Bank.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Getin Noble Bank is good value based on assets compared to the PL Banks industry average.
X
Value checks
We assess Getin Noble Bank's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. Getin Noble Bank has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Getin Noble Bank expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Getin Noble Bank has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
11.3%
Expected Banks industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Getin Noble Bank expected to grow at an attractive rate?
  • Unable to compare Getin Noble Bank's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Getin Noble Bank's earnings growth to the Poland market average as no estimate data is available.
  • Unable to compare Getin Noble Bank's revenue growth to the Poland market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
WSE:GNB Future Growth Rates Data Sources
Data Point Source Value (per year)
Poland Banks Industry Earnings Growth Rate Market Cap Weighted Average 11.3%
Poland Banks Industry Revenue Growth Rate Market Cap Weighted Average 7.4%
Poland Market Earnings Growth Rate Market Cap Weighted Average 10.9%
Poland Market Revenue Growth Rate Market Cap Weighted Average 5.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
WSE:GNB Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in PLN Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
WSE:GNB Future Estimates Data
Date (Data in PLN Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2019-12-31
WSE:GNB Past Financials Data
Date (Data in PLN Millions) Revenue Cash Flow Net Income *
2019-03-31 465 3,803 -569
2018-12-31 562 7,327 -453
2018-09-30 293 4,846 -559
2018-06-30 211 4,594 -617
2018-03-31 295 5,801 -518
2017-12-31 290 5,433 -573
2017-09-30 726 6,456 -201
2017-06-30 780 1,432 -156
2017-03-31 838 3,782 -137
2016-12-31 887 4,120 -59
2016-09-30 986 812 -239
2016-06-30 1,064 3,409 -172

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Getin Noble Bank is high growth as no earnings estimate data is available.
  • Unable to determine if Getin Noble Bank is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
WSE:GNB Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Getin Noble Bank Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WSE:GNB Future Estimates Data
Date (Data in PLN Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2019-12-31
WSE:GNB Past Financials Data
Date (Data in PLN Millions) EPS *
2019-03-31 -0.57
2018-12-31 -0.47
2018-09-30 -0.59
2018-06-30 -0.67
2018-03-31 -0.58
2017-12-31 -0.64
2017-09-30 -0.23
2017-06-30 -0.18
2017-03-31 -0.15
2016-12-31 -0.07
2016-09-30 -0.27
2016-06-30 -0.19

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Getin Noble Bank will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Getin Noble Bank's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Getin Noble Bank's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Banks companies here
  3. Getin Noble Bank's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Getin Noble Bank's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Poland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Poland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Getin Noble Bank has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Getin Noble Bank performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Getin Noble Bank's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Getin Noble Bank does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Getin Noble Bank's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Getin Noble Bank's 1-year growth to the PL Banks industry average as it is not currently profitable.
Earnings and Revenue History
Getin Noble Bank's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Getin Noble Bank Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WSE:GNB Past Revenue, Cash Flow and Net Income Data
Date (Data in PLN Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 464.89 -569.17 798.72
2018-12-31 562.20 -453.39 784.83
2018-09-30 292.52 -558.66 388.57
2018-06-30 211.42 -616.80 388.57
2018-03-31 294.82 -518.32 569.68
2017-12-31 290.03 -572.90 745.70
2017-09-30 725.91 -201.13 582.57
2017-06-30 779.98 -155.53 582.57
2017-03-31 837.91 -136.83 442.78
2016-12-31 887.07 -58.55 149.03
2016-09-30 986.13 -239.09 160.65
2016-06-30 1,064.27 -171.56 160.65
2016-03-31 1,141.78 -102.69 166.49
2015-12-31 1,273.24 44.17 210.42
2015-09-30 1,247.16 253.96 374.81
2015-06-30 1,272.56 292.68 374.81
2015-03-31 1,297.37 358.57 547.00
2014-12-31 1,256.53 360.03 877.07
2014-09-30 1,319.97 505.86 878.90
2014-06-30 1,357.56 515.30 878.90
2014-03-31 1,334.43 479.43 869.76
2013-12-31 1,203.42 399.73 825.41
2013-09-30 1,115.22 277.93 832.30
2013-06-30 1,054.51 248.87 1,032.81
2013-03-31 1,033.36 229.85 1,003.51
2012-12-31 1,220.03 333.23 789.66
2012-09-30 1,199.00 365.02 809.73
2012-06-30 1,275.47 399.57 817.42

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Getin Noble Bank has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Getin Noble Bank has efficiently used its assets last year compared to the PL Banks industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Getin Noble Bank improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Getin Noble Bank's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Getin Noble Bank has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Getin Noble Bank's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Getin Noble Bank's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Getin Noble Bank Company Filings, last reported 2 months ago.

WSE:GNB Past Debt and Equity Data
Date (Data in PLN Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 2,927.13 4,232.36 2,178.35
2018-12-31 3,023.41 9,233.54 1,626.56
2018-09-30 3,372.46 4,945.22 1,802.21
2018-06-30 3,325.45 5,030.96 1,456.34
2018-03-31 3,654.18 5,749.88 3,060.36
2017-12-31 4,298.81 6,255.96 1,173.00
2017-09-30 5,009.74 7,335.62 3,516.99
2017-06-30 5,029.19 7,554.46 4,262.25
2017-03-31 5,141.62 7,604.80 3,890.70
2016-12-31 4,757.10 7,976.51 510.17
2016-09-30 5,184.28 7,616.99 2,854.80
2016-06-30 5,239.43 9,500.24 6,300.43
2016-03-31 5,248.23 9,499.19 3,506.09
2015-12-31 5,163.85 9,331.69 720.64
2015-09-30 5,293.75 8,681.56 3,353.29
2015-06-30 5,277.85 9,457.81 3,958.72
2015-03-31 5,208.25 9,493.47 4,715.36
2014-12-31 5,075.99 9,184.05 1,593.94
2014-09-30 5,178.71 8,056.11 2,505.34
2014-06-30 5,084.45 8,283.48 4,397.89
2014-03-31 4,919.53 7,536.22 3,267.48
2013-12-31 4,780.46 6,395.27 1,772.69
2013-09-30 4,790.56 6,440.88 2,364.65
2013-06-30 4,775.39 5,860.98 2,092.53
2013-03-31 4,769.35 4,614.17 2,188.89
2012-12-31 4,358.57 2,887.57 2,456.26
2012-09-30 4,358.57 2,886.00 3,170.24
2012-06-30 4,332.12 3,192.10 2,132.86
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Getin Noble Bank has an acceptable proportion of non-loan assets held.
  • Getin Noble Bank's liabilities are made up of primarily low risk sources of funding.
  • Loans at Getin Noble Bank are broadly funded by customer deposits.
  • Getin Noble Bank's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).
  • Getin Noble Bank has a low allowance for bad loans.
  • Getin Noble Bank has a high level of bad loans (greater than 2%).
X
Financial health checks
We assess Getin Noble Bank's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Getin Noble Bank has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Getin Noble Bank's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Getin Noble Bank dividends.
If you bought PLN2,000 of Getin Noble Bank shares you are expected to receive PLN0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Getin Noble Bank's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Getin Noble Bank's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
WSE:GNB Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
Poland Banks Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 3.8%
Poland Market Average Dividend Yield Market Cap Weighted Average of 203 Stocks 4.3%
Poland Minimum Threshold Dividend Yield 10th Percentile 1.4%
Poland Bottom 25% Dividend Yield 25th Percentile 2.8%
Poland Top 25% Dividend Yield 75th Percentile 7.2%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

WSE:GNB Future Dividends Estimate Data
Date (Data in PLN) Dividend per Share (annual) Avg. No. Analysts
2019-12-31

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Getin Noble Bank has not reported any payouts.
  • Unable to verify if Getin Noble Bank's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Getin Noble Bank's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Getin Noble Bank has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Getin Noble Bank's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.4%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Getin Noble Bank afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Getin Noble Bank has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Getin Noble Bank's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Artur Klimczak
COMPENSATION PLN4,589,000
TENURE AS CEO 2.1 years
CEO Bio

Mr. Artur Klimczak has been President of the Management Board at Getin Noble Bank S.A. since June 20, 2017 and serves as its Chief Executive Officer. Mr. Klimczak served as Acting President of the Management Board at Getin Noble Bank S.A. since January 10, 2017 until June 20, 2017. Mr. Klimczak served as Vice-President of Management Board and Acting Chief Executive Officer at Getin Noble Bank S.A. since July 2015 and served as its Deputy Chief Executive Officer until January 2017. Mr. Klimczak served as a Member of the Management Board of Bank Millennium Spolka Akcyjna from February 12, 2009 to April 24, 2015 and its Vice-President of The Management Board from 2012 to April 24, 2015. He served as Retail Banking Department Director of Millennium Bank S.A. from 2005 to 2009; Managing Director for Middle Eastern Europe CitiBank Polska (Bank Handlowy w Warszawie S.A.) from 2003 to 2005; Managing Director of CitiBank Polska (Bank Handlowy w Warszawie S.A.) from 2000 to 2002; and Credit Advisor – Regional Director CitiBank US from 1990 to 2000. Mr. Klimczak started his banking career in the United States in 1990 within Citibank Group, holding successively posts of credit advisor to regional manager responsible for local branch network. Starting from the year 2000 he continued his career in Poland managing the area of services for wealthy clients Citigold as Regional Director. In 2003, he took a post of the Managing Director for Middle Eastern Europe and was responsible for Wealth Management. From 2000 to 2005, he served as Managing Director for Central Europe heading the area of services for affluent clients. Mr. Klimczak was connected with Bank Millennium since 2005. Mr. Klimczak graduated from Florida International University (Miami).

CEO Compensation
  • Artur's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Artur's remuneration is higher than average for companies of similar size in Poland.
Management Team Tenure

Average tenure of the Getin Noble Bank management team in years:

1.7
Average Tenure
  • The average tenure for the Getin Noble Bank management team is less than 2 years, this suggests a new team.
Management Team

Artur Klimczak

TITLE
President of the Management Board & CEO
COMPENSATION
PLN5M
TENURE
2.1 yrs

Karol Karolkiewicz

TITLE
Member of the Management Board
COMPENSATION
PLN1M
TENURE
8.7 yrs

Maciej Kleczkiewicz

TITLE
Member of Management Board
COMPENSATION
PLN1M
TENURE
1.8 yrs

Marcin Romanowski

TITLE
Member of the Management Board
COMPENSATION
PLN2M
TENURE
1.7 yrs

Tomasz Misiak

TITLE
Member of Management Board
COMPENSATION
PLN1M
TENURE
0.9 yrs

Wojciech Tomasik

TITLE
Member of Management Board
COMPENSATION
PLN897K
TENURE
0.6 yrs

Maja Stankowska

TITLE
Member of Management Board
COMPENSATION
PLN997K
TENURE
0.5 yrs
Board of Directors Tenure

Average tenure and age of the Getin Noble Bank board of directors in years:

3.1
Average Tenure
55.5
Average Age
  • The tenure for the Getin Noble Bank board of directors is about average.
Board of Directors

Leszek Czarnecki

TITLE
President of the Supervisory Board
COMPENSATION
PLN25K
AGE
54
TENURE
7.4 yrs

Christopher Bielecki

TITLE
Vice President of the Supervisory Board
AGE
56
TENURE
2.1 yrs

Barbara Bakalarska

TITLE
Member of the Supervisory Board
TENURE
1.7 yrs

Jacek Lisik

TITLE
Member of the Supervisory Board
COMPENSATION
PLN76K
AGE
56
TENURE
6.9 yrs

Mariusz Grendowicz

TITLE
Member of the Supervisory Board
AGE
55
TENURE
4.1 yrs

Tadeusz Holynski

TITLE
Member of the Supervisory Board
TENURE
0.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (PLN) Value (PLN)
X
Management checks
We assess Getin Noble Bank's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Getin Noble Bank has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

How Getin Noble Bank S.A. (WSE:GNB) Can Impact Your Portfolio Volatility

Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market. … What this means for you: Since Getin Noble Bank has a beta close to one, it will probably show a positive return when the market is moving up, based on history.

Simply Wall St -

Real Risks To Know Before Investing In Getin Noble Bank S.A. (WSE:GNB)

As a small cap company operating in a heavily regulated financial services sector, an investment in Getin Noble Bank S.A. … This is because bad debt is written off as an expense and impacts Getin Noble Bank’s bottom line and shareholders’ value. … Today we’re going to assess the level of bad debt and liabilities Getin Noble Bank currently has in order to properly analyse the risk involved with investing in Getin Noble Bank.

Simply Wall St -

Could The Getin Noble Bank S.A. (WSE:GNB) Ownership Structure Tell Us Something Useful?

The big shareholder groups in Getin Noble Bank S.A. … Getin Noble Bank is not a large company by global standards. … View our latest analysis for Getin Noble Bank

Simply Wall St -

Understated Factors To Consider Before Investing In Getin Noble Bank S.A. (WSE:GNB)

As a small-cap finance stock with a market capitalisation of zł575m, the risk and profitability of Getin Noble Bank S.A. … The Basel III reforms are aimed at banking regulations to improve financial institutions’ ability to absorb shocks caused by economic stress which could expose banks like Getin Noble Bank to vulnerabilities. … High liquidity and low leverage could position Getin Noble Bank favourably at the face of macro headwinds.

Simply Wall St -

Risk Factors To Consider Before Investing In Getin Noble Bank S.A. (WSE:GNB)

Getin Noble Bank S.A. … This is because bad debt is written off as an expense and impacts Getin Noble Bank’s bottom line and shareholders’ value. … Today we’re going to assess the level of bad debt and liabilities Getin Noble Bank currently has in order to properly analyse the risk involved with investing in Getin Noble Bank.

Simply Wall St -

Does Market Volatility Impact Getin Noble Bank SA's (WSE:GNB) Share Price?

Volatility is considered to be a measure of risk in modern finance theory. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.

Simply Wall St -

Three Key Risk For Getin Noble Bank SA (WSE:GNB) You Should Know

As a small bank, Getin Noble Bank’s profits are directly affected by macroeconomic events as the ability for borrowers to repay their debt depends on the stability of their salary and interest rate levels. … Bad debt is directly written off as an expense which impacts Getin Noble Bank’s bottom line and shareholders’ value. … I will take you through some useful measures of bad debt and liabilities in order to properly analyse Getin Noble Bank’s risk level before you invest in the stock.

Simply Wall St -

Three Understated Metrics For Getin Noble Bank SA (WSE:GNB) You Should Know

As a small-cap finance stock with a market capitalisation of zł971.29m, the risk and profitability of Getin Noble Bank SA (WSE:GNB) are largely tied to the underlying economic growth of the region it operates in PL. … Unpredictable macro events such as political instability could weaken its financial position which is why it is important to understand how well the bank manages its risk levels. … Today we will be measuring Getin Noble Bank’s financial risk position by looking at three leverage and liquidity metrics.

Simply Wall St -

Before You Buy Getin Noble Bank SA.'s (WSE:GNB), Consider This

Getin Noble Bank's beta of 0.93 indicates that the stock value will be less variable compared to the whole stock market. … GNB’s beta indicates it is a stock that investors may find valuable if they want to reduce the overall market risk exposure of their stock portfolio. … With a market cap of ZŁ1.09B, GNB falls within the small-cap spectrum of stocks, which are found to experience higher relative risk compared to larger companies.

Simply Wall St -

Interested In Financials? Take A Look At Getin Noble Bank SA. (WSE:GNB)

In this article, I’ll take you through the sector growth expectations, as well as evaluate whether Getin Noble Bank is lagging or leading its competitors in the industry. … View our latest analysis for Getin Noble Bank What’s the catalyst for Getin Noble Bank's sector growth? … If Getin Noble Bank has been on your watchlist for a while, now may be the time to enter into the stock, if you like its growth prospects and are not highly concentrated in the banking industry.

Simply Wall St -

Company Info

Description

Getin Noble Bank S.A. provides various banking products and services to individual clients, small and medium-sized enterprises, local government units, and corporations in Poland. It offers retail banking products, such as deposit products, investment products, and retail loans, as well as financial services under the Getin Bank brand name; and private banking, real estate and investment consulting, legal and tax support, and art banking services under the Noble Bank brand name. The company also provides operational and financial leasing services for vehicles, medical equipment, and other devices under the Getin Leasing brand name; and creates and manages investment funds under the Noble Funds brand name. In addition, it offers financial instruments – brokerage services related to the securities and commodities markets under the Noble Securities brand name; various assistance services under the Noble Concierge brand name; and online banking services. Further, the company provides money saving, investment portfolio management, financial and credit intermediation, savings, insurance, and personal finance services. It serves approximately 2.2 million clients through a network of 550 branches and franchise units, as well as through agencies. Getin Noble Bank S.A. was founded in 2004 and is based in Warsaw, Poland.

Details
Name: Getin Noble Bank S.A.
GNB
Exchange: WSE
Founded: 2004
PLN599,573,575
1,044,553,267
Website: http://www.gnb.pl
Address: Getin Noble Bank S.A.
Przyokopowa 33 Street,
Warsaw,
Poland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
WSE GNB Common Bearer Shares Warsaw Stock Exchange PL PLN 20. Jan 2012
Number of employees
Current staff
Staff numbers
5,128
Getin Noble Bank employees.
Industry
Diversified Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/23 21:33
End of day share price update: 2019/06/21 00:00
Last estimates confirmation: 2019/05/08
Last earnings filing: 2019/05/30
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.